2019 (3) TMI 1628

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..... of Commissioner of IncomeT ax Vs. Karnal Co-Operative Sugar Mills Ltd. . [ 1999 (4) TMI 7 - SC ORDER] He further pointed out that the Tribunal, in the impugned Judgment, has referred to and relied upon the decision in case of this Assessee in earlier assessment years. Though, the Revenue had filed Income Tax Appeal to challenge the Judgment of the Tribunal in the said case, the present issue was .....

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..... : Mr. Suresh Kumar For The Respondent : Mr. Madhur Agrawal i/b Mr. Sameer Dalal ORDER P. C. : - 1. This Appeal is filed by the Revenue challenging the Judgment of the Income Tax Appellate Tribunal. The Appeal is admitted for consideration of following substantial question of law : Whet .....

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..... o Increase in Authorised Share Capital of ₹ 8,64,400 ? 3. Insofar as Question No.1 noted above is concerned, it arises out of the Revenue s contention that the interest income earned by the Assessee by investing surplus money for short duration, was not the business income of the Assessee company. Learned Counsel for the Revenue would contend that this issue is covered by t .....

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